market

Drax has outbid Foresight Group LLP to acquire the share capital of the publicly-listed Harmony Energy Income Trust (HEIT) for £200 million.

Renewable energy consultancy Natural Power has supported NTR to successfully acquire 326MW of solar and battery energy storage system (BESS) capacity in Ireland.

The National Energy System Operator (NESO) has released its provisional auction results for the one-year ahead capacity auction (T-1).

Gresham House Energy Storage Fund (GRID) expects full year operational portfolio revenues of about £42 million, as December saw better dispatch rates of batteries in the balancing mechanism (BM).

Energy consultancy Cornwall Insight has forecast that short-to-medium duration battery storage capacity on Ireland’s single electricity market (SEM) will increase fivefold by 2030.

A new report by LevelTen Energy has shown that the average price of solar power purchase agreements (PPAs) has begun to level out after months of decline in the European market.

Gore Street Energy Storage Fund has agreed a deal to use Arenko’s Nimbus software across its operational portfolio, the companies have revealed exclusively to Solar Power Portal.

Bluefield Solar Income Fund (BSIF), an investor focused on large scale renewable energy assets in the UK, has released its annual results for the year ended June 2024, claiming that its operational portfolio is now responsible for 5% of UK solar generation.

Battery energy storage systems (BESS) earned the second highest daily total revenue in 2024 so far, reaching a high of £250/MW, on 21 August.

The UK’s growing energy storage fleet can reduce market risk for Contracts for Difference (CfD) projects, a consultant from AFRY said.